XML 22 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment in Joint Venture
9 Months Ended
Oct. 31, 2011
Investment in Joint Venture [Abstract]  
Investment in Joint Venture
Note 7 — Investment in Joint Venture
In August 2010, AM Retail Group, Inc. (“AM Retail”), a wholly owned subsidiary, formed a joint venture with VCS Group LLC to open and operate footwear and accessory outlet stores under the name “Vince Camuto.” Each company owns a 50% share in the joint venture and provides 50% of the capital costs of the joint venture. The Company accounts for AM Retail’s investment in the joint venture using the equity method of accounting. Accordingly, the Company’s share of the loss from the joint venture in the nine months ended October 31, 2011 was recorded in the consolidated statements of operations.